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Rayonier declares Q1 dividend of 49 cents/share
03 Mar '14
1 min read
Rayonier announced that the company’s board of directors has declared a first quarter cash dividend of 49 cents per common share. The dividend is payable on March 31, 2014 to shareholders of record on March 17, 2014.
Rayonier is a leading international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers. The company owns, leases or manages 2.6 million acres of timber and land in the United States and New Zealand.
The company's holdings include approximately 200,000 acres with residential and commercial development potential along the Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers, which are used in products such as filters, pharmaceuticals and LCD screens.
Approximately 50 percent of the company's sales are outside the U.S. to customers in approximately 20 countries. Rayonier is structured as a real estate investment trust.
Rayonier
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